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Pertamina LNG Corruption: US Company Corpus Christie Demanded to Pay US$ 113.83 Million in Compensation

by Redaksi Asiatoday
May 30, 2024
in News
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Pertamina LNG Corruption: US Company Corpus Christie Demanded to Pay US$ 113.83 Million in Compensation

Corpus Christie Liquefaction (CCL) Facility. Doc

ASIATODAY.ID, JAKARTA – The Public Prosecutor (JPU) of the Corruption Eradication Commission (KPK) of the Republic of Indonesia charged US$ 113.83 million in compensation for state losses in the corruption case in the procurement of liquified natural gas (LNG) PT Pertamina (Persero) to Corpus Christie Liquefaction , LLC or CCL. The LNG supplier company based in the United States (US) is a supplier of liquefied natural gas which signed a sales and purchase contract with Pertamina under the leadership of Karen Agustiawan.

Now, the sale and purchase of LNG is being prosecuted by the Corruption Eradication Commission (KPK) to the trial stage and Karen has been sentenced to 11 years in prison.

At the hearing to read the charges, on Thursday, May 30 2024, the prosecutor not only imposed a prison sentence, but also a fine and compensation money on Karen. CCL is also burdened with paying compensation for state financial losses to Pertamina amounting to US$113.83 million.

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“Charges the payment of replacement money to Corpus Christie Liquefaction in the amount of US$ 113.83 million,” said the KPK prosecutor at the Corruption Crime Court at the Central Jakarta District Court, Thursday, May 30 2024.

Meanwhile, Karen as the defendant was charged with imprisonment, a fine and compensation for state financial losses in the corruption case regarding the sale and purchase of LNG with Cheniere Energy’s subsidiary.

The public prosecutor stated that Karen was proven guilty of causing state financial losses amounting to US$ 113.83 million due to Pertamina’s LNG procurement. The value of the loss was obtained from an audit by the Supreme Audit Agency (BPK).

For this case, Karen was sentenced to 11 years in prison. Apart from that, he was charged with a fine of Rp. 1 billion and compensation for state losses amounting to US$ 1.09 billion and US$ 104,016.

“Sentenced the defendant to prison for 11 years and a fine of Rp. 1 billion, subsidiary to imprisonment for six months. Sentenced to an additional penalty of US$ 104,016 in compensation,” explained the prosecutor.

In the prosecutor’s consideration, there are a number of mitigating and aggravating factors in Karen’s charges, namely not supporting the government’s program to eradicate corruption, not admitting her actions and being considered complicated in giving statements at trial. Meanwhile, the mitigating aspect of Karen’s demands is being polite during the trial.

As a reference, the Corruption Eradication Commission accused Karen of causing state financial losses amounting to US$ 113.83 million as a result of Pertamina’s LNG procurement contract collaboration with the United States (US) producer company Corpus Christi Liquefaction (CCL), LLC. He was also charged with enriching himself worth Rp. 1.09 billion and US$ 104,016.

In the same indictment, the prosecutor also said that Blackstone was the shareholder of CCL’s parent, Cheniere Energy, Inc. Karen is said to have communicated with Blackstone to get a position at the company after passing the LNG procurement contract between CCL and Pertamina.

“And obtained a position as Senior Advisor at Blackstone’s Private Equity Group because PT Pertamina had taken the Corpus Christi Liquefaction project,” said the indictment. (ATN)

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Tags: Corpus Christie LiquefactionCorruptionPertamina
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